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Korea’s antitrust watchdog said Tuesday that it has fined Toyota Motor Korea 817 million won ($729,000) for deceptive advertising of its RAV4 sport utility vehicle (SUV). Toyota Motor Korea advertised that its RAV4 obtained a top safety pick in five test…
A Seoul court fined BMW Korea 14.5 billion won ($12.9 million) for manipulating documents on emissions to sell some 29,000 vehicles in Korea. The Seoul Central District Court announced Thursday that the local unit of BMW is guilty of violating customs law.…
Grab should pay Vinasun VND4.8 billion ($208,000) for damage it has caused the top taxi firm, a court ruled Friday. The People’s Court of Ho Chi Minh City said in its verdict that Grab had committed many mistakes in its operations in Vietnam, tantamount to…
Bankrupt U.S. retailer Sears has been hit with a charge of approximately US$443 million due to store closures. The charges relate to markdowns, severance costs and lease termination costs related to the business’ Chapter 11 bankruptcy, filed due to its…
Volkswagen said on Tuesday that its subsidiary Audi would not contest an 800-million-euro (USD 927 million) fine issued by German prosecutors over “deviations from regulatory requirements” in diesel engines. “Audi AG has accepted the fine” investigators…
Flight Centre has been slapped with a $12.5 million dollar fine for attempting to fix pricing with international airlines between 2005 and 2009. The Full Federal Court of Australia handed down the penalty on Wednesday morning, following a successful high…
EU antitrust regulators are likely to impose a record fine on Alphabet unit Google over its shopping service as soon as Tuesday, two people familiar with the matter said on Monday, concluding one of three cases against the company. The European Commission’s…
The 130-piece Treasure Collection includes silver pendants and earrings with cubic zirconia, diamonds and pearls, with each piece presented in a transparent sealed box. Prices range from US$49 to US$499. F.I.N.E Managing Director Ari Johansson said:…
